SALT Market Value
| SALT Crypto | USD 0 0 45.10% |
| Symbol | SALT |
SALT 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to SALT's crypto coin what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of SALT.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in SALT on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding SALT or generate 0.0% return on investment in SALT over 180 days. SALT is related to or competes with XRP, Solana, Staked Ether, Sui, Toncoin, Worldcoin, and Stellar. SALT is peer-to-peer digital currency powered by the Blockchain technology.
SALT Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure SALT's crypto coin current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess SALT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.9 | |||
| Information Ratio | 0.1306 | |||
| Maximum Drawdown | 417.7 | |||
| Value At Risk | (46.37) | |||
| Potential Upside | 69.93 |
SALT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SALT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SALT's standard deviation. In reality, there are many statistical measures that can use SALT historical prices to predict the future SALT's volatility.| Risk Adjusted Performance | 0.1115 | |||
| Jensen Alpha | 8.54 | |||
| Total Risk Alpha | (1.95) | |||
| Sortino Ratio | 0.25 | |||
| Treynor Ratio | (1.03) |
SALT Backtested Returns
SALT is abnormally risky given 3 months investment horizon. SALT owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates digital coin had a 0.15% return per unit of volatility over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 8.38% are justified by taking the suggested risk. Use SALT Risk Adjusted Performance of 0.1115, downside deviation of 29.9, and Market Risk Adjusted Performance of (1.02) to evaluate coin specific risk that cannot be diversified away. The entity has a beta of -7.39, which indicates a somewhat significant risk relative to the market. As returns on the market increase, returns on owning SALT are expected to decrease by larger amounts. On the other hand, during market turmoil, SALT is expected to outperform it.
Auto-correlation | 0.15 |
Insignificant predictability
SALT has insignificant predictability. Overlapping area represents the amount of predictability between SALT time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of SALT price movement. The serial correlation of 0.15 indicates that less than 15.0% of current SALT price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
SALT lagged returns against current returns
Autocorrelation, which is SALT crypto coin's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting SALT's crypto coin expected returns. We can calculate the autocorrelation of SALT returns to help us make a trade decision. For example, suppose you find that SALT has exhibited high autocorrelation historically, and you observe that the crypto coin is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
SALT regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If SALT crypto coin is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SALT crypto coin is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SALT crypto coin over time.
Current vs Lagged Prices |
| Timeline |
SALT Lagged Returns
When evaluating SALT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SALT crypto coin have on its future price. SALT autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, SALT autocorrelation shows the relationship between SALT crypto coin current value and its past values and can show if there is a momentum factor associated with investing in SALT.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether SALT offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of SALT's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Salt Crypto.Check out SALT Correlation, SALT Volatility and Investing Opportunities module to complement your research on SALT. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
SALT technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.